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Removing the Middleman
  - Your Business and
      Social Media

   A        Digital Brie ng
Where are we?

Awareness   Planning           Execution



            Digital Brie ngs
Then...




                             Advisers &
                             Providers



Customers and Stakeholders                Your business
Now...




  Customers and Stakeholders              Your business



                               Advisers
What is Social
  Media?
    A De nition
Thanks Wikipedia


          “   Social media is media designed to be disseminated
            through social interaction, created using highly accessible
            and scalable publishing techniques. Social media uses
            Internet and web-based technologies to transform broadcast
            media monologues (one to many) into social media dialogues
            (many to many). It supports the democratization of knowledge
            and information, transforming people from content
            consumers into content producers.        ”
Google Search Insights
Google Keyword Tool
What is Social
  Media?
  A One Zero One De nition
Create



Discuss            Share
Water Cooler
    Garden Fence
    BBQ


Photo by quinn.anya
Public Relations
      Crisis                        Customer Service
  Communications
                                              Promotion
Press Releases
                      Social Media         Collaboration
Advertising

                                           Internal
   Lead Generation
                                        Communications

          Market Research       Recruitment

                     Brand Sentiment
Opportunity




  Customers and Stakeholders              Your business



                               Advisers
Technology
 Lifecycle
             Tools




Strategies           Attitudes
Tools




Strategies           Attitudes
Blogging
Podcasting
Facebook Statistics
Facebook geographic statistics
CheckFacebook
Advertising               Fan Pages


              Facebook

   Apps                  User Features
Flickr stat
Common
Themes?
Tools




Strategies           Attitudes
Real-Time
Niche
Photo by thefrost
Transparent




Photo by thefrost
Photo by batega
Photo by batega
                  Human
Photo by szlea
Tools




Strategies           Attitudes
Business objectives


       Revenue
       Costs
       Risk
Costs
Information
  Brand
                Systems



          Risks
 Legal &
              Productivity
Regulatory
Some other examples
Removing the Middleman
      - Your Business and
          Social Media
A                     Digital Brie ng by Jason Elston

         Check out the One Zero One Blog


         Sign up for the One Zero One newsletter - insights101

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A Digital Briefing - Social Media

Editor's Notes

  1. Primary Takeaway - Directly interact with your customers, employees and other business stakeholders - Reduce the need to pay for access to “networks” of people
  2. Primary Takeaways - This Digital Briefing is to provide initial awareness and an overview of topic. An overview - Strategic impacts - Management information - Talk about the opportunities and benefits of removing the middleman
  3. Primary Takeaways - Used to pay for access to networks (Press, TV, Radio, Recuiters) - Discussions between parties were limited to physical bounds - Single message, usually PR’d to death, sent to stakeholders and employees - No personality at all
  4. Primary Takeaways - Social Media is negligible cost to access personal networks - Generational impacts is driving the requirement to use these services - More than ever, businesses are able to directly access their customers/stakeholders - It’s a two way channel, opening doors for new ways of interacting and running business - Old network providers have been sidelined and will need to provide great advice to help businesses manage the new ways of communicating. - Ultimately, Social Media is a toolkit of communications tools
  5. Key Takeaways - New Media is a subset and sometimes interchangeable
  6. Primary Takeaway - Details of the “defined” elements of Social Media - Wikipedia was one of the first Social Media examples - public edited encyclopedia - Popularity of the search term “Social Media” is at it’s peak now, largely due to business interest in it’s application
  7. Primary Takeaways - Social Media allows people to Create, Share and Discuss online - Results in a networks of interactions
  8. Primary Takeaways - Social Media allows people to Create, Share and Discuss online - Media - Create - Text, Audio, Video, others - Social - Share/Discuss - Draws people because it empowers, and it’s FUN! - Results in networks of interactions - Sharing is powerful in the business world - can leverage personal networks - Businesses traditionally have paid for networks, more on that later.
  9. Primary Takeaways - It’s the Garden Fence conversation - It’s the Water Cooler chat - It’s the BBQ discussion - Direct, personal, digital conversations - Conversations in the cloud will take place irrespective of your businesses involvement
  10. Primary Takeaways - The simplicity allows people to build networks very quickly and easily - The simplicity then allows people to share and discuss within those networks very easily
  11. Primary Takeaways - Social Media is negligible cost to access personal networks - Generational impacts is driving the requirement to use these services - More than ever, businesses are able to directly access their customers/stakeholders - It’s a two way channel, opening doors for new ways of interacting and running business - Old network providers have been sidelined and will need to provide great advice to help businesses manage the new ways of communicating. - Ultimately, Social Media is a toolkit of communications tools
  12. Primary Takeaways - Potential opportunity for business to: - Become more efficient - Respond quicker to customers - Engage on a personal level with customers
  13. Primary Takeaways - The One Zero One model for considering technology - True technology element is only the tools - The rest are adaptations to put the technology to use and are far more important - Social Media consists of tools, attitudes and strategies - This is the structure of the Digital Briefing.
  14. Primary Takeaways - See what the tools look like - See primary business attributes - See some examples how they work
  15. Primary Takeaways - Online encylopedia - Founded in 2001 - Over 3 million, just in English, created and edited by the Internet community.
  16. Primary Takeaways - Vehicle - New press - Examples - Cheap, far-reaching - Very prevalent in smaller companies Examples Randy's Journal - Boeing GM FYI Blog GM FastLane Jonathan Schwartz's Blog (Sun Microsystems) George F. Colony's Blog: The Counterintuitive CEO (Forrester Research)
  17. Primary Takeaways - Subscription based audio, text and video services - tailored for mobility and on demand - Important part of social media - some are turning into niche media stations - iTunes aggregates more than 150,000 podcast series
  18. Primary Takeaways - Run through some facebook stats - Run through tool demonstration - Business dimensions Communications
  19. Primary Takeaways
  20. - Run through tool - Statistics - Business dimensions
  21. - Why - Give an idea of the - Run through tool - Business dimensions
  22. Primary Takeaways - They’re all platforms, enablers, allow people to engage in their passions - They’re all technology platforms that have only recently matured / reached critical mass - They’re all technology that has resulted in an attitude shift - They’re all very low cost, from a business perspective it’s time. - Created with the consumer in mind.
  23. Attitudes of the consumer Attitudes of business
  24. Consumers / General public 1. Real time / On Demand
  25. Consumers / General public 1. Real time / On Demand
  26. Consumers / General public 2. Niche / Interest-Based
  27. Consumers / General public 2. Niche / Interest-Based
  28. Consumers / General public 3. Transparency
  29. Consumers / General public 3. Transparency
  30. Primary Takeaways - Sounds strange in a technology discussion - Social Media is ultimately about human interaction - Businesses have an opportunity to build relationships - Strategies for doing this in a sustainable fashion across the whole spectrum will be ongoing - Plenty of strategies using current platforms such as Blogs, emerging strategies with Twitter, Facebook etc.
  31. Primary Takeaways - Sounds strange in a technology discussion - Social Media is ultimately about human interaction - Businesses have an opportunity to build relationships - Strategies for doing this in a sustainable fashion across the whole spectrum will be ongoing - Plenty of strategies using current platforms such as Blogs, emerging strategies with Twitter, Facebook etc.
  32. Primary Takeaways - These principles clash with traditional business practices - Customers are expecting these tools to be available - Employees are expecting the world to run this way
  33. Advertise Influencers Internal Uses Employee networks Traditional Network Suppliers need to change PR and Crisis Communications
  34. Primary Takeaways - Business drivers are very black and white, while the variables that lead to their success are harder to define - Difficult to build Trust or Goodwill into these metrics, however they definitely feed Revenue, Costs and Risk - Social Media should be considered for sustainable interaction with all the business stakeholders, including customers, employees and suppliers. - At a minimum, Social Media is
  35. Primary Takeaways - Westfield - leveraging platform. Disregarding norms Westfield Gift Cards taking over Facebook, breaking rules in the process - Digital Media - Burger King - Ikea uses Facebook photo tagging competition to get publicity for new store opening http://www.youtube.com/watch?v=0TYy_3786bo&feature=player_embedded
  36. Compare the Market.com - Compare the meerkat.com http://www.comparethemeerkat.com/ http://www.youtube.com/user/CompareTheMeerkat http://www.facebook.com/Comparethemeerkat http://twitter.com/Aleksandr_Orlov
  37. Primary Takeaways SlideShare: McDonald’s Social Media Strategy | Digital Buzz Blog
  38. Primary Takeaways - Tools are inherently cost efficient - Costs can be saved in many ways, Sales, Marketing, PR, Recruiting, Collaboration, Internal/External Communications, Product Development, Customer Service - Cheaper to advertise through social media channels, improved targeting. Facebook ads, Blog ads, Banners, Youtube ads, - Starbucks started “My Starbucks Idea” - Crowd sourcing new ideas for improving the Starbucks experience and it’s products
  39. Primary Takeaways - Companies are using social media as a sales channel, early days but with some levels of success - A risk based approach should be taken for all companies and weighed with the potential benefits - Particularly with Brand, need to be aware that the “conversation” is happening without you - Brand United Airlines http://www.davecarrollmusic.com/story/united-breaks-guitars/ http://www.guardian.co.uk/news/blog/2009/jul/23/youtube-united-breaks-guitars-video Cotton On http://mamamia.com.au/weblog/2009/08/are-cotton-on-on-crack.html http://www.thepunch.com.au/articles/cotton-on-slogan-not-such-a-laugh/ http://www.theaustralian.com.au/news/cotton-on-vows-to-withdraw-offensive-t-shirts/story-e6frg6n6-1225761674211 http://www.smartcompany.com.au/internet/20090817-cotton-on-hit-by-social-media-backlash-what-are-the-lessons-for-your-business.html Dominos http://www.youtube.com/watch?v=7l6AJ49xNSQ Legal FTC setting up guidelines in US in relation to product promotion through social media channels - disclosure. Tranaparency! SEC is evaluating the impacts of Social Media tools on corporate governance regulations, in particular the requirements around corporate record keeping Information Systems Social Media, like any other electronics channels is subject to the threats of electronics system Phishing, viruses, malware and malicious websites all feature as does information leakage Useage of URL shortners has resulted in threats being hidden Availability of Twitter Productivity - Arguable on both sides. - Employees will use regardless.
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